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HomeMy WebLinkAbout4C Prior South Payment . . DATE: 4C JEFFREY T. EVENS, ENGINEERING TECHNICIAN IV CONSIDER APPROVAL OF FINAL PAYMENT FOR PRIOR SOUTH, PROJECT 94-01 JUNE 3, 1996 AGENDA #: PREP ARED BY: SUBJECT: INTRODUCTION: The purpose of this agenda item is to authorize the final payment of $25,620.04 to Valley Paving Inc. for Prior South, Project 94-01. DISCUSSION: Paul Boettcher, MSA project engineer, approved the final payment as shown on the enclosed payment voucher dated July 25, 1995. A delay occurred in processing this final payment due to some forms the contractor was unable to provide to the City until this spring. The original project cost was $435,577.16. There was a change order in the amount of $11,441.55, which raised the contract amount to $447,018.71. The final actual project cost, including this voucher, is $420,938.54. This amounts to $26,080.17 or a 5.830/0 project underrun from the original project cost. The final payment of $25,620.04 is included in the invoices to be paid on June 3, 1996. This agenda item is included so that the Council is aware that the final payment is being proposed for this project. ALTERNATIVES: The alternatives are as follows: 1. Approve the Final Pay Voucher for $25,620.04 to Valley Paving, Inc. 2. Table this item for specific reason. RECOMMENDATION: The recommendation is to approve alternative No.1. ACTION REQUIRED: Make a motion recommended. as G:/agend96/agpriorf.doc 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER I... -... I _.~ ~.. - - . ~-~, ,,-.~ .. ~.~~ -t.'_ CONSTRUCTION PAYMENT VOUCHER ; t, Estimate Voucher No. 6 (FINAL) For Period Ending: July 25, 1995 Date: August 14, 1995 C.P. Number. S.AP.: 94-01 Class of Work: Prior South Improvements For: City of Prior Lake To: Valley Paving, Inc. 8800 -13th Avenue East Shakopee. MN' 55379 A Original Contract Amount $ 435,577.16 B. Total Additions $ 11,441.55 C. Total Deductions $ 0.00 D. Total Funds Encumbered $ 447,018.71 E. Total Value of Work Certified to Date $ 420,938.54 F. Less Retained Percentage 0 % $ 0.00 G. Less Total Previous Payments $ 395,318.50 H. Approved for Payment. This Report $ 25,620.04 I. Total Payment Including This Voucher $ 420,938.54 J. Balance Carried Forward $ 26,080.17 APPROVALS Pursuant to our field observation, as performed in accordance with our contract. we hereby certify that the materials are satisfactory and the work properly performed in accordance with the plans and specifi- cations and that the total work is 100% completed as of-July 25.1995. I hereby recommend payment of this voucher. ~ Project Engineer Approval: _ .J P UL BO CHER, P.E. This is to certify that to the best of my knowledge, information, and belief, the quantities and values of work certified herein is a fair approximate estimate for the period covered by this voucher. Date: nQ/Ol /QC:; . ~ ~~~~()N, PRR~ Contractor: VALLEY PAVING, INC. CITY OF PRIOR LAKE ~c~~ Approved for Payment Authorized Representative ~- ~e- tb D~ D~ ,01- -4e200 - for 102024VH.WK4 102-024-30